Perfect 1031 Tax Exchange. R-2U home on Shamrock next to Scott Stadium. This 5BR 3BA property and 128 Shamrock Road need to be sold at the same time. Total price is $1.6M. Price is based on current rental and future expansion. 126 Shamrock has a 1BR 1BA cottage in the backyard, and 128 Shamrock has a 1BR 1BA loft apartment. Combined current rental income at this time = $65,100/yr. Beginning in July, rental income will be $6,150/month = $73800/yr. Cap Rate (Cash Purchase) = approximately a 4% ROI. With the new zoning in discussion, both 126 and 128 Shamrock are considered "High Density." Multiple units could potentially be built on this land. Property is Sold "as is".
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
